Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Fed Up of Quicken, Moving to Moneydance 2021 in the New Year.
Old 12-23-2020, 01:14 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 6,097
Fed Up of Quicken, Moving to Moneydance 2021 in the New Year.

I have made the executive decision to archive our historical financial info using my current version of Quicken 2019 that runs out in May June timeframe.

I Will setup all new MoneyDance database for 2021. I may try to port some accounts from quicken into MoneyDance, but will not go overboard if QIF or QFX exporting/importing involves too much cleanup.

It is not as if we do not have time in these Covid Days, before we get our Vaccinations. Seems like good make work project and learning exercise. I have downloaded the new version so the commitment has been made.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
ShokWaveRider is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-23-2020, 01:44 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 32,246
Let me know how it goes. I use Quicken to manage our finances and it does a lot for us. Virtually every financial account we have is updated automatically but I review/approve transactions before they are posted. There are less than a handful that are not automatically updated and those have negligible activity. I also use Quicken for cash management/forecasting.

While the ~$50/year that I pay is aggravating after getting it for less before for so many years (~$70 every 3 years as I recall), the benefits and time saved are worth it to me.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is offline   Reply With Quote
Old 12-23-2020, 02:06 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 4,834
I'm curious also. I have used quicken for decades, but do not use it for investment tracking or budgeting, and I download transactions from only one account. So I think I rate as a light user.

if I did switch, I certainly would not try to put Mom my historical data into money counts, as I tried that with Ace Money and it seems like it's kind of a fool's errand.
Montecfo is online now   Reply With Quote
Old 12-23-2020, 06:31 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Nov 2015
Posts: 2,402
Saving $30-35 /yr wouldn't be worth time spent setting up a new and abandoned package. I wish you the best with your experience.
bobandsherry is offline   Reply With Quote
Old 12-23-2020, 10:11 PM   #5
Thinks s/he gets paid by the post
Cobra9777's Avatar
 
Join Date: Jul 2012
Location: Texas
Posts: 2,610
I dumped Quicken over 10 years ago. I posted the reasons in another thread earlier today. Basically, it was buggy and I got tired of constantly searching for workarounds while waiting for fixes. But also, my process had changed over the years and Quicken was just not as relevant as it had been.

I now use Fidelity Full View, which is a free account aggregator available to Fidelity customers. We only have two small, non-Fidelity accounts. So I feel OK providing those credentials to Fidelity. I'm less comfortable providing my Fidelity credentials to aggregators like Personal Capital. Personal Capital (PC) was really helpful on the investing side when I first retired. But it was sorely lacking on cashflow and budgeting functionality.

Anyway, Full View meets all my current needs. It's fully automated. All I do is correct a few spending category assignments every month. And if I'm really inspired, I'll split a few transactions here and there. The investment analytics are not as sophisticated as PC, but Fidelity has other tools for that when I get the itch to tinker.

But the cashflow and budgeting functionality seem to be on-par with Quicken circa 2010 and a lot less buggy. But in all honesty, I only really use it to accumulate transactions and balances. I export monthly summary data into Excel where I do all long-term tracking and analysis.

I'm sure Quicken has improved over the years. And I'm sure it has some functionality that Full View doesn't. But I earned a good living using Excel to help make sense of numbers. I'm very comfortable with it. I really just need a tool to accumulate the data and organize it for me. I get very frustrated trying to squeeze my analytical needs out of a black box that somebody else built.
__________________
Retired at 52 in July 2013. On to better things...
AA: 55% stock, 15% real estate, 27% bonds, 3% cash
WR: 2.7% SI: 2 pensions, some rental income, SS later
Cobra9777 is offline   Reply With Quote
Old 12-24-2020, 07:02 AM   #6
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 21,715
I archived my old stuff and started fresh with Moneydance at the beginning of 2012. I've been very happy with it for the past nine years.

There is no doubt that it seems a little quirky at first, but once you learn all its little eccentricities, I find I can do everything I need with it.
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 12-24-2020, 07:22 AM   #7
Thinks s/he gets paid by the post
zinger1457's Avatar
 
Join Date: Jul 2007
Posts: 3,069
Quote:
Originally Posted by braumeister View Post
I archived my old stuff and started fresh with Moneydance at the beginning of 2012. I've been very happy with it for the past nine years.
What is the Moneydance model, do you still get software updates, do you have to pay to continue to get updates?
zinger1457 is offline   Reply With Quote
Old 12-24-2020, 07:27 AM   #8
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 21,715
They have a new version every few years. I've updated mine in 2014, 17, and 20. $25 each time, so not a big deal. But you don't have to update it if you don't want to.
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 12-24-2020, 12:29 PM   #9
Thinks s/he gets paid by the post
Gotadimple's Avatar
 
Join Date: Feb 2007
Posts: 2,339
Quote:
Originally Posted by braumeister View Post
They have a new version every few years. I've updated mine in 2014, 17, and 20. $25 each time, so not a big deal. But you don't have to update it if you don't want to.
I'm still using the 2014 version. It is still supported through their product forum. If there are updated or new features that will be useful, then it's worth upgrading.

The limitation on upgrading is that the half-price cost applies when upgrading from an older version to the new version. Otherwise, there is no charge for upgrading every time they have a new version available. It is stable and does a good job as a checkbook/budget manager. I don't use it for investment tracking - but others do.

- Rita
__________________
Only got A dimple, would have preferred 2!
Gotadimple is offline   Reply With Quote
Old 12-24-2020, 12:45 PM   #10
Thinks s/he gets paid by the post
 
Join Date: Aug 2007
Posts: 2,298
I moved to Moneydance in 2012 from Quicken. Primarily because I moved to a Mac and Quicken wasn’t fully supported on a Mac.

No regrets. It does have its quirks, but I found that to be true with all these programs. I started mostly from scratch. I entered cost basis for some of my investments, but that was about it.
__________________
Eat, Drink and Be Merry.
tulak is offline   Reply With Quote
Old 12-24-2020, 12:50 PM   #11
Moderator
Jerry1's Avatar
 
Join Date: Nov 2014
Posts: 6,939
I'm sticking with Quicken for awhile, but still looking for other options. I think that given the decrease in the amount of data we actually enter into quicken, we will probably move to a spreadsheet at some point.

FWIW, I was just working on the budget for 2021 and the report for the budget versus actual for 2020 (used for my starting point), did not balance. What a joke. Being anal and a CPA, I check stuff like that. I wonder how many do not.

And, one of my pet peeves with the reports - who the hell puts the total on top of a report and in each of the sub categories? Not accountants, that's for sure. Sub totals and final totals are at the bottom of each category. Oh well. So far it's still better than the trouble it would take for me to program it myself using a spreadsheet.
__________________
Every day when I open my eyes now it feels like a Saturday - David Gray
Jerry1 is online now   Reply With Quote
Old 12-24-2020, 01:11 PM   #12
Recycles dryer sheets
 
Join Date: Nov 2008
Location: Louisville
Posts: 452
Yep, I got fed up with Quicken last year. I moved to Moneydance. Been happy so far.
Masquernom is offline   Reply With Quote
Old 12-25-2020, 09:11 AM   #13
Thinks s/he gets paid by the post
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 4,834
Quote:
Originally Posted by Jerry1 View Post
I'm sticking with Quicken for awhile, but still looking for other options. I think that given the decrease in the amount of data we actually enter into quicken, we will probably move to a spreadsheet at some point.

FWIW, I was just working on the budget for 2021 and the report for the budget versus actual for 2020 (used for my starting point), did not balance. What a joke. Being anal and a CPA, I check stuff like that. I wonder how many do not.

And, one of my pet peeves with the reports - who the hell puts the total on top of a report and in each of the sub categories? Not accountants, that's for sure. Sub totals and final totals are at the bottom of each category. Oh well. So far it's still better than the trouble it would take for me to program it myself using a spreadsheet.
Yes. Always found that totalling thing puzzling. Also a CPA. Perhaps product is not "aimed" at us?
Montecfo is online now   Reply With Quote
Old 12-25-2020, 09:13 AM   #14
Thinks s/he gets paid by the post
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 4,834
For those folks that moved from Quicken to Money Dance:

What kind of "quirks" did you encounter?

Anything you miss but make due without?

And what is better with Money Dance?
Montecfo is online now   Reply With Quote
Old 12-25-2020, 09:25 AM   #15
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 21,715
Quote:
Originally Posted by Montecfo View Post
For those folks that moved from Quicken to Money Dance:

What kind of "quirks" did you encounter?

Anything you miss but make due without?

And what is better with Money Dance?
Why not just download it and try it out for yourself?

Quote:
We offer a free trial of Moneydance, which is fully functional but limited to entering up to 100 manually entered transactions. We also have a 90 day money back guarantee if you're not happy with Moneydance for any reason.
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 12-25-2020, 09:29 AM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 6,097
I am having a little trouble figuring out the online banking part for downloading transactions. Not sure if I can automatically setup an account by downloading the info from the bank, or whether I have to create the account first. Still casually working on it. It would be nice for the experts to help us beginners out with some tips to make our lives easier.

For Example: Does one need to create each account manually before downloading transactions? I seem to remember Quicken getting the info from the respective bank.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
ShokWaveRider is online now   Reply With Quote
Old 12-25-2020, 09:33 AM   #17
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 21,715
Quote:
Originally Posted by ShokWaveRider View Post
I am having a little trouble figuring out the online banking part for downloading transaction. Not sure if I can automatically setup an account by downloading the info from the bank, or whether I have to create the account first. Still casually working on it. It would be nice for the experts to help us beginners out with some tips to make our lives easier.
There is a knowledge base full of FAQs.
https://infinitekind.tenderapp.com/kb

There is also an active user forum where you can ask anything.
https://infinitekind.tenderapp.com/discussions
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 12-25-2020, 09:36 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 6,097
Quote:
Originally Posted by braumeister View Post
There is a knowledge base full of FAQs.
https://infinitekind.tenderapp.com/kb

There is also an active user forum where you can ask anything.
https://infinitekind.tenderapp.com/discussions
I have just been searching the web for info just ask google and it comes back from their knowledgebase. But it would still be nice to get tips.

Another one is importing calendar data from Outlook. Cannot find any info on that yet, plenty from Google Calendar, but we do not use that. I am sure one can transfer outlook to google then do it. But I do not like my calendar data on Google so they can sell it. Then bombard me with ads.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
ShokWaveRider is online now   Reply With Quote
Old 12-25-2020, 10:22 AM   #19
Recycles dryer sheets
 
Join Date: Jul 2017
Posts: 98
Reached the point where I won't pay the subscription to Quicken anymore. Have 2017 running on parallels. Built Excel sheets to do what I need, actually refer to them much more than Quicken anymore.

Big reason I did this is residing outside the US as of now. The Quicken disc is back in the US. Wanted something I could put on wife's computer as a back-up if the Mac crapped out on me. Excel and Office are on all our computers, Quicken only this one.
rt-texas is offline   Reply With Quote
Old 12-25-2020, 12:02 PM   #20
Thinks s/he gets paid by the post
Gotadimple's Avatar
 
Join Date: Feb 2007
Posts: 2,339
Quote:
Originally Posted by ShokWaveRider View Post
I have just been searching the web for info just ask google and it comes back from their knowledgebase. But it would still be nice to get tips.

Another one is importing calendar data from Outlook. Cannot find any info on that yet, plenty from Google Calendar, but we do not use that. I am sure one can transfer outlook to google then do it. But I do not like my calendar data on Google so they can sell it. Then bombard me with ads.
You know you really will get an answer from either staff or an experienced user if you post a question to the discussion group at Infinatekind.

The knowledge base probably contains the background info you are looking for in regards to downloading transactions from your bank.

The calender issue: is that to set up reminders to pay? You may not be able to transfer that in. But ask the question on the community board - you will get an answer. Moneydance is far better supported than Quicken ever was as respects providing info and responding to questions/issues.

- Rita
__________________
Only got A dimple, would have preferred 2!
Gotadimple is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
MoneyDance vs Quicken Dalmore Technology, Media & e-Gadgets 1 01-03-2020 08:59 AM
Anyone using MoneyDance as a Quicken Substitute ShokWaveRider FIRE and Money 47 01-01-2020 02:02 PM
OK I am Officially Fed Up with Quicken - Moneydance anyone? ShokWaveRider FIRE and Money 124 12-07-2017 11:18 AM
Quicken to MoneyDance? GnuCash? ClockWatcher FIRE and Money 8 02-26-2016 05:12 PM
How Does MoneyDance Do This? TromboneAl FIRE and Money 83 11-17-2010 11:11 AM

» Quick Links

 
All times are GMT -6. The time now is 09:04 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.